Advanced Equity Derivatives

Strategic Equity Solutions in the US

Tuesday, May 14, 2024
Online

Member US$350.00

Non-Member US$400.00

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Registration for this event will close 2 hours before the live broadcast

This is an ISDA Virtual Conference:

Event will be live on May 14, 2024 from 09:00 AM – 12:50 PM EDT | Timezone Converter
Miss part of the event or aren’t able to watch live? The recording will be available to registrants until June 14, 2024

Educational Credits

4 CLE Credit Hours Available (New York) Transitional and Nontransitional

4 CPE Credit Hours Available

3.5 CPD Credit Hours Available (England and Wales)

Print Agenda

9:00 AM Introduction and Welcoming Remarks

9:10 AM Variable Share Forwards Ilene K. Froom, Peter Petraro

Variable Forward Contracts: An Overview
Reasons parties enter into Variable Forward Contracts
Use of the transactions by affiliates and holders of restricted stock
Guidance from the SEC (the 1999, 2003 and 2011 letters)
Section 16 considerations

Ilene K. Froom, Partner, Katten Muchin Rosenman LLP
Peter Petraro, Partner, Jones Day

10:00 AM Call Spreads Gary Rosenblum, Robert Stewart, Yossi Vebman

Convertible Bonds
Overview of call options
Issuer’s use of a call spread to hedge a convertible bond and the net effect on the conversion price
Documentation of the lower strike call and the upper strike call (the warrant)
Hedging the call spread overlay
U.S. securities law considerations

Gary Rosenblum, Managing Director and Associate General Counsel, Bank of America
Robert Stewart, Associate General Counsel & Director, Bank of America
Yossi Vebman, Partner, Skadden, Arps, Slate, Meagher & Flom LLP

11:00 AM Break

11:10 AM Margin Loans Andrea O’Toole, Craig Unterberg

Overview of a margin loan
Regulation T and Regulation U
Margin calls and collateral
U.S. securities law considerations

Andrea O’Toole, Managing Counsel, Wells Fargo
Craig Unterberg, Partner, Haynes and Boone LLP

12:00 PM Accelerated Share Repurchases (ASRs) John Servidio, Michael Wirgin

Overview of an ASR
Why would a company use an ASR to buy back its stock?
Regulation M, Rule 10b-18 and other U.S. securities law considerations
Tax considerations

John Servidio, Partner, Goodwin Proctor LLP
Michael Wirgin, Managing Associate General Counsel, HSBC Securities (USA) Inc.

12:50 PM Conference Concludes

Agenda is subject to change.